Changes in lumpsum and SIP investment amount for a few schemes of Shriram Mutual Fund

Shriram Mutual Fund has announced several changes to their investment provisions across various schemes, effective from August 22, 2024.

The minimum application amount for lumpsum investments has been reduced from Rs 5,000 to Rs 500 per application for Shriram Aggressive Hybrid Fund, Shriram Flexi Cap Fund, Shriram Balanced Advantage Fund, and Shriram Multi Asset Allocation Fund.

Additionally, the SIP (Systematic Investment Plan) provisions for Shriram Aggressive Hybrid Fund, Shriram Flexi Cap Fund, Shriram Balanced Advantage Fund, Shriram ELSS Tax Saver Fund and Shriram Multi Asset Allocation Fund have been updated as follows:

• Minimum Rs 500 for 24 instalments
• Minimum Rs 1,000 for 12 instalments

These changes apply across weekly, fortnightly, monthly, and quarterly SIP frequencies.